The Latest Breaking News from Oil

Thailand's Manufacturing Production Index (MPI) fell in November by 5.6% year-on-year to 95.11 points, the lowest in 15 months, as oil refineries were shut down for maintenance while a global economic slowdown began to affect exporters, says the Office of Industrial Economics (OIE).

Moscow’s response to the Western price cap is to stop supplying crude oil and oil products from February 1.

President Vladimir Putin on Tuesday delivered Russia's long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from Feb. 1 for five months to nations that impose the cap. The Group of Seven major powers, the European Union and Australia…

The latest job estimates show growth has slowed in Texas, but other metrics are still pointing up – way up.

From baking powder for extra crispiness or stock cubes for flavour, here’s how the pros make their ultimate roasties

Despite unprecedented sanctions, Russia's economy is still functioning and it's still attacking Ukraine. That's led to questions about whether the sanctions are effective.

One of Manchester's most popular Indian restaurants has come up with the recipe perfect for the leftovers

Oil hit a three-week high on Tuesday as China's latest easing of COVID-19 restrictions spurred hopes of a fuel demand recovery, with further support coming from cuts to US energy production caused by winter storms. China will stop requiring inbound travelers to go into quarantine, starting from Jan. 8, the…

Iranians held night demonstrations nationwide to commemorate 40 days since the death of protesters in rallies against the ruling regime. The rallies even spread to the Abadan oil refinery. The Free Trade Union said the workers at the most important petrochemical facility in the country carried out a large-scale strike…